Home Sellers, San Antonio, TX, The First Time Homebuyers Tax Credit has been Extended!

Home Sellers in San Antonio, TXand everywhere else can breath a little sigh of relief because President Obama signed legislation that helps extend some unemployment benefits and a few other things to include Home Ownership, called the Worker, Homeownership and Business Assistance Act of 2009.

Now, you may be wondering why I am talking to Home Sellers in San Antonio, rather than Buyers. First of all, there are going to be TONSof blogs and news articles talking about assisting buyers with this First Time Homebuyers Tax Credit extension. It is going to be no mystery to those Buyers who are now ready to hop off of that fence and purchase a home. By the way, those of you still thinking of buying a home, trust me, now is the time to get off of the fence as this Tax Credit has most likely seen its last extension. Of course, you can always take a Gamble and roll the dice one more time to see if they will extend it yet again.

I wanted to specifically talk to Home Sellersbecause this Tax Credit Extension is sure to help you during one of the toughest seasons to sell, the Holiday Season. I wrote a BLOG yesterday about deciding whether to keep your home on the market or list it during the Holidays. It is a tough decision at times, because as you now know, the Buyer pool tends to slow down during the Holidays. Although during this time frame, you get fewer lookers, you most likely get more serious Buyers. With the First Time Homebuyers Tax Credit extension, selling a home during the Holiday Season just got TONS better! The Buyers should be coming out of the woodwork and getting down to business in getting into a home!

Additionally Sellers, those of you who have been thinking about moving up can also enjoy this new legislation. It offers those of you who have been living in your home for 5 consecutive years out of eight an opportunity to get into another home, and with that, get a $6,500 Tax Credit! That's kind of cool. So now, you get to Sell your Home and get Help getting that New One!!! There are still some guidelines that will need to be followed; however.

To get all of the information and answers to your questions, please click go to the Federal Housing Tax Credit Website. This area will give you the most precise information to your questions.

As Always, if you need assistance buying or selling a home in the San Antonio area I am ready for the call :o)! Good luck and Thanks for Reading!!!